Erickson Air-Crane Inc Earnings: Here’s Why Investors are Happy Now

Erickson Air-Crane Incorporated (NASDAQ:EAC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 9.31%.

Actual vs. Wall St. Expectations: Erickson Air-Crane Incorporated reported adjusted EPS income of $0.01 per share. By that measure, the company beat the mean analyst estimate of $-0.13. It beat the average revenue estimate of $33.1 million.

Quoting Management: Udo Rieder, President and Chief Executive Officer of Erickson Air-Crane, commented, “This was a strong start to 2013. Performance by our Aircrane operations and our completion of the EHI transaction position us to quickly transform our business. We believe the execution of our strategic acquisition program is enabling us to emerge as a highly diversified, global company with a wide array of opportunities to generate high-margin growth. We expect to demonstrate our ability to drive value to the full range of our constituents, including customers, partners, and shareholders.”

Key Stats (on next page)…

Revenue decreased 5.58% from $39.08 million in the previous quarter. EPS increased to $0.01 in the quarter versus EPS of $-0.03 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.12 to a profit $0.08. For the current year, the average estimate has moved down from a profit of $1.48 to a profit of $1.47 over the last ninety days.